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Jul 30, 2011
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that leaves a big shortfall of $134 billion. so who do you pay? many say the treasury department will go with foreign governments and other bondholders first. though few details are out on who and how bills will be paid, the treasury department has been putting together a payment plan. one possibility in that plan perhaps, do what president eisenhower did when the debt ceiling was not raised in 1953 he had the treasury department issue gold certificates to federal reserves across the country and got cash back to keep the government humming along. alex, there's some 100 million checks issued by the government every month, and in three days the unsavory job of payment triage begins, choosing grandma or governments. >> an unenviable task to be sure. >>> coming up we'll have more on the debt ceiling crisis and president obama's role in it. we're going to speak with pat buchanan and morris reid about that. >>> a caribbean airlines plane with 140 people on board crashed earlier today in guyana. the crash occurred at the country's main airport just south
that leaves a big shortfall of $134 billion. so who do you pay? many say the treasury department will go with foreign governments and other bondholders first. though few details are out on who and how bills will be paid, the treasury department has been putting together a payment plan. one possibility in that plan perhaps, do what president eisenhower did when the debt ceiling was not raised in 1953 he had the treasury department issue gold certificates to federal reserves across the country...
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Jul 30, 2011
07/11
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we were hoping for a big drenching. think of texas almost like a hot pizza oven and all we did was throw a napkin in it. this storm dissipated faster than almost any storm i've seen before. it didn't even go into the mountains and dissipate, it literally evaporated as it moves over brownsville. you can see it on the satellite imagery. it was the big red blob, and as soon as it got to the dry land in texas, poof. all of a sudden, don was gone. so not good news down there. the storm system is -- what's left of it, circulation is going to head for mexico anyway so it looks like just scattered showers and storms in texas during the day today. we'll take what we can get, but this wasn't the answer we were hoping for. there's not a lot of wet weather on the map, there are showers in missouri, also showers in the northern plains. your forecast for today, rain likely more or less in mexico, not texas. hot weather for dallas once again. warm and sunny in the northeast. as we go into the sunday forecast, we should see a lot of th
we were hoping for a big drenching. think of texas almost like a hot pizza oven and all we did was throw a napkin in it. this storm dissipated faster than almost any storm i've seen before. it didn't even go into the mountains and dissipate, it literally evaporated as it moves over brownsville. you can see it on the satellite imagery. it was the big red blob, and as soon as it got to the dry land in texas, poof. all of a sudden, don was gone. so not good news down there. the storm system is --...
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Jul 30, 2011
07/11
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to afford but also too big to change politically. this is how a aaa country becomes aa, the first step on the march to greece." end of quotation. charles congratulat krauthammerl observer of the political scene, in his column friday in "the washington post" concluded with the following words: "obama faces two massive problems: jobs and debt. they're both the result of his spectacularly failed keynesian gamble, spendin spending that la stagnant economy with high and chronic unemployment and a stag staggering debt burden." and that's the problem, mr. president. a staggering debt burden that requires us to increase our debt ceiling and republicans are saying, in order to stop this cycle of more promises and more spending, we've got to apply some accountability, some common sense and good judgment, and that means, first and foremost, stop the spending. i would note, as i said before, that under president obama, annual spending has gone up by $1.2 trillion each of the years. the deficit by peds 1.4 trillion. and i ask again, do you notice
to afford but also too big to change politically. this is how a aaa country becomes aa, the first step on the march to greece." end of quotation. charles congratulat krauthammerl observer of the political scene, in his column friday in "the washington post" concluded with the following words: "obama faces two massive problems: jobs and debt. they're both the result of his spectacularly failed keynesian gamble, spendin spending that la stagnant economy with high and chronic...
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Jul 30, 2011
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it was no big deal. he put medicine in them and keep selling them. >> there was a darker side to the horse frauds. jane figured out a horse is worth much more dead than alive. >> he made his money by burning barns down and collecting on the insurance. by killing horses. and collecting on the insurance. >> it's horrifying. to see something like that and the horses are screaming and crying. it's held. you smell the skin burning, hair burning. by that time i started freaking out. i couldn't handle it. >> this was the dangerous world that prosecutors say richard bailey led helen brach into. they say bailey was in thick with the horse mafia. just how thick would turn out to be a critical question. >> the first time bailey ever came into the stables, i'll never forget him. he wore big old doipers, he looked like a real dork. >> jane sold him a horse and bailey was conned by cons. the janes realized that bailey had a knack for luring women. and investigators say they became a team. >> richard bailey's part was
it was no big deal. he put medicine in them and keep selling them. >> there was a darker side to the horse frauds. jane figured out a horse is worth much more dead than alive. >> he made his money by burning barns down and collecting on the insurance. by killing horses. and collecting on the insurance. >> it's horrifying. to see something like that and the horses are screaming and crying. it's held. you smell the skin burning, hair burning. by that time i started freaking out....
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Jul 30, 2011
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is the vast corporate big chains he depends on will go out of business. what will happen to the man? i'll tell you what. he'll ask you to destroy your book. the man will tell you you have to change your work. the man may have been our friend. he may have been lover of books and lover. he's two faced half art half commerce and light. i'm here to speak to you the truth today. that agent, that publisher the one who admires your work. the one who launched your career, he's lying. if you get in bed with the man he will die. all of our books, literature will be hobbled and sanitized. how do i know this? because it is already happening. many are colluding to destroy any book. writers are muzzling themselves. i submit we are not writing the books with no longer want to write. we no longer dare. we have one eye on our bank account and the other on our amazon ranking. we've allowed ourselves to tyrannizeded by numbers. accountants have taken control of the publishing houses and when bureaucrats rule, art gets strangled. who in this room has not been instructive to
is the vast corporate big chains he depends on will go out of business. what will happen to the man? i'll tell you what. he'll ask you to destroy your book. the man will tell you you have to change your work. the man may have been our friend. he may have been lover of books and lover. he's two faced half art half commerce and light. i'm here to speak to you the truth today. that agent, that publisher the one who admires your work. the one who launched your career, he's lying. if you get in bed...
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Jul 30, 2011
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indeed, that would just give a blank check to the big spenders. they could run for two years. and why is it so important to get a longer debt, bigger debt ceiling increase? and i also thought and believe we have an agreement that the debt ceiling shouldn't be increased more than spending is decreaseed. spending decreased over ten years. you cut $1 trillion, you raise the debt ceiling $1 trillion. we give you ten years on spending cuts, but immediately you get a $1 trillion increase in the debt ceiling. why are we in this fix? this is why. i hate to say it. this is why, there is no doubt about it. the president said last week the only bottom line that i have is that we extend this debt ceiling through the next election until
indeed, that would just give a blank check to the big spenders. they could run for two years. and why is it so important to get a longer debt, bigger debt ceiling increase? and i also thought and believe we have an agreement that the debt ceiling shouldn't be increased more than spending is decreaseed. spending decreased over ten years. you cut $1 trillion, you raise the debt ceiling $1 trillion. we give you ten years on spending cuts, but immediately you get a $1 trillion increase in the debt...
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Jul 30, 2011
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let the big boys to see what is going on. if is no place for kids. guest: with respect to medicare, one of the things that is driving the enormous projections of deficits are entitlement programs. they take up an enormous amount of the federal budget. when you read the reports, we are 15-years away from bankrupting the medicare program your payment every month will be far insufficient to make sure that you continue to receive that benefit. it is one of the reasons that republicans have taken a very serious approach to resolving the crisis, that medicare crisis, which will be upon us before we know it. when we pass the budget plan as best year, we said we would take care of folks 55 and older. we also said we will not allow a 15-member board of un elected people to decide her fate and the medical treatment that you will or will not get. we put forth a plan the to make sure that medicare is around for you and the next generation. i hope we can get democrats to join us on that host: plan was theeid's only plan, would you vote for it? guest: i will oppos
let the big boys to see what is going on. if is no place for kids. guest: with respect to medicare, one of the things that is driving the enormous projections of deficits are entitlement programs. they take up an enormous amount of the federal budget. when you read the reports, we are 15-years away from bankrupting the medicare program your payment every month will be far insufficient to make sure that you continue to receive that benefit. it is one of the reasons that republicans have taken a...
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Jul 30, 2011
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>> yes, sir. >> so when you are trying to do the big hit, the big six, getting the big guys why is the testimony shows us only three times where there were any kind of inspections planned and i don't want to get into sources either but only three times we have been told that they try to do any detection and one of the gps tracking was a radioshack making -- why in the world was the quality and the quantity of agents and times, video cameras planted with internet connections etc., why is it there wasn't a tracking to track the weapons? >> we had trackers on vehicles. we have it trackers on -- it goes back to resources. we have agents that are out there working 16, 18 and 20 hour days. >> unfortunately you just made my case and time is expired. 18 hours of an agent's time is so much more money than one of these tracking devices if you are penny-wise and pound who wish by not having the device. with that we go to the gentlelady from the district of columbia for her five minutes. >> what would have would have been the next step? >> well maam, it depends on how long the firearms state in th
>> yes, sir. >> so when you are trying to do the big hit, the big six, getting the big guys why is the testimony shows us only three times where there were any kind of inspections planned and i don't want to get into sources either but only three times we have been told that they try to do any detection and one of the gps tracking was a radioshack making -- why in the world was the quality and the quantity of agents and times, video cameras planted with internet connections etc.,...
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Jul 30, 2011
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s and big corporations call all the shots. people made comments that understand -- focuses on making their lives better. unfortunately, because of politics in washington and extreme ideology, that's not happening. my republican colleagues have been very public about their interpretation to take apart medicare and medicaid to pay for yet another tax cut for the millionaires and billionaires and to preserve subsidies for big oil companies. they've decided our current economy is the fault of the american people and now they're going to empty middle-class pockets to pay for it. the talk in washington now is driven by ideology that really has nothing to do with cost savings or preserving the american people. what really it is about is who suffers and who dreams and ideology is more important than job creation and social security and medicare aren't worth paying for anymore. it's time we spend opportunity and protect the middle class. it's time to focus on the real crisis in america, the jobs crisis. the speaker pro tempore: the gen
s and big corporations call all the shots. people made comments that understand -- focuses on making their lives better. unfortunately, because of politics in washington and extreme ideology, that's not happening. my republican colleagues have been very public about their interpretation to take apart medicare and medicaid to pay for yet another tax cut for the millionaires and billionaires and to preserve subsidies for big oil companies. they've decided our current economy is the fault of the...
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Jul 30, 2011
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i have not been a big fan of the iraq wars as most of you know. those wars have cost us almost $2 trillion. they are winding down. the office of congressional management have looked at this and said, if you take trillion dollars, it will lower the debt by a trillion dollars and allow us to take an additional $200 billion in interest savings. that's what we have in our bill. it's all been done by the no one partisan congressional office. i can't imagine the fact that they have voted for it. 230 republicans voted for that. why is it suddenly something they don't want? >> you noted the four republicans that didn't sign the letter. scott brown is one of those that told some of us he is working with you, and he could vote for your bill. he's trying to get some teeth into the commission. if there are three others, assuming you hold your caucus, are -- >> your math is terrific. if we get those four more, we have 5857. we need 60. the issue has been now for a week or so, a trigger. if the joint committee doesn't come up with a result, what should happen?
i have not been a big fan of the iraq wars as most of you know. those wars have cost us almost $2 trillion. they are winding down. the office of congressional management have looked at this and said, if you take trillion dollars, it will lower the debt by a trillion dollars and allow us to take an additional $200 billion in interest savings. that's what we have in our bill. it's all been done by the no one partisan congressional office. i can't imagine the fact that they have voted for it. 230...
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Jul 30, 2011
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is it level for senior citizens while it gives big tax breaks for oil? is it level so we can give tax breaks to corporations sending jobs overseas? is it on the level for us to make children -- young people and their families pay more for their college education so we can give tax breaks to the high end? is it on the level to bring a boehner bill to the floor that makes all those cuts, undermines social secuty, eliminates medicare and it doesn't charge one red cent to people who have benefited so much from the greatness of our country? is it our best? is it our best to drag this out for all this time to keep in sess spence as to whether we would -- suspense as to whether we would honor our constitional responsibility to pay our debts? the constitution says the national debt has to be recognized. it has to be recognized. and recognize we did. president after president, 3 times in -- 32 times in recent memory, including when president bush was president, at that time, even though many of us did not agree with the war in iraq, did not agree the tax cuts for
is it level for senior citizens while it gives big tax breaks for oil? is it level so we can give tax breaks to corporations sending jobs overseas? is it on the level for us to make children -- young people and their families pay more for their college education so we can give tax breaks to the high end? is it on the level to bring a boehner bill to the floor that makes all those cuts, undermines social secuty, eliminates medicare and it doesn't charge one red cent to people who have benefited...